Commercial real estate special reports for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
MIAMI-Thomas Jermoluk of Hyperion Development Group says Blue, a 36-story, 330-unit condominium tower set to break ground this month, "is just the first of many spectacular properties to come.
IRVING, TX-The logistics provider inks another short-term lease in a continuation of a market evaluation. For now, Nippon Express USA is holding tight to 8065 Tristar Dr., a build-to-suit some seven years ago for the firm. The new deal kicks in Oct. 1.
ST. AUGUSTINE, FL-Jacksonville investor Mike Pullen pays Bank of America Inc.'s Los Angeles division $1.7 million for the 140-acre, 29-year-old property, 150 miles north of Downtown Orlando.
VERNON HILLS, IL-AMLI Residential reveals its 294-unit multifamily project here is likely to be financed by its joint venture partner, Northwestern Mutual Life, which has committed to a $37-million, 10-year construction loan at 7.25%.
ATLANTA-Coro Realty Advisors, a locally based firm headed by John W. Lundeen III, pays REES 328 LLC $13.75 million for the 90%-leased, 68,941-st Brookwood Square in north Atlanta near the affluent Buckhead district.
BOSTON-The Boston Redevelopment Authority approves Preferred Freezer Services' plan to redevelop Building #16 at 25 Fid Kennedy Ave. in the Boston Marine Industrial Park into a 150,000 sf seafood services facility and commercial freezer.
PHOENIX-Drug store giant Eckerd Drugs will go head-to-head with other drug chains when it makes a major push into the Phoenix market, with the opening of nine new Valley stores by the end of the year. The company plans 160 openings within the next five years.
SAN MATEO, CA-The San Mateo-based REIT completes its transformation into an office-focused operation, selling its 1.3-million-sf industrial portfolio in Denver and using the proceeds to acquire a 271,980-sf, class A office building in Downtown Boston.
ATLANTA-Wells Real Estate Investment Trust Inc. declines to give the price or identify the seller. But brokers in a position to know tell GlobeSt.com the estimated contract price for the three-year-old, 19-story, 436,000-sf building is $82.84 million, based on Wells' recent acquisitions which have been averaging about $185 per sf.
LONDON-Debenhams is facing a backlash from two of its biggest shareholders. The opposition is expected to kick-start a bidding war, possibly with CVC and Texas Pacific Group entering the fray.